US NOLA: Forward sale freezes prompt activity

摘要

Barge trades were modest this week with Mosaic reporting multiple DAP barges sold at $320/st FOB, while at least one trader was offering at $315/st FOB during this week's TFI World Conference. A forward physical sale for a December DAP barge at $300/st FOB New Orleans surprised many traders this week, and essentially froze subsequent activity as buyers and sellers could not find agreement for prompt business.